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. / one medicare benefit that, with private insurance / may entitle you to pay little to nothing to own it. one company that can make it all happen ... great news. / your power chair will be paid in full. the scooter store. why should you call the scooter store today? because their mobility experts are also medicare experts. and that means the scooter store is your best shot at qualifying for a scooter that costs you little to nothing. hi i'm doug harrison. at the scooter store, 97% of our medicare customers / pay little to nothing out of pocket. how do we do it? we know what it takes to get you your power chair or scooter. / it's our strength. it's our mission. and we back it up with the scooter store guarantee. if we qualify you and medicare denies your claim for a new powerchair or scooter, i'll give it to you absolutely free. i paid into medicare all my life, and when i needed it the benefit was there for me. the scooter store made it so easy. i didn't pay a penny out of pocket for my power chair. medicare and my insurance covered it all. / the scoor store got me back out in the world
and are on medicare... vo: ...call now and we'll send you a free meter. vo: it offers alternate site testing, so you can test on your arm. no more pricking your fingers. vo: and to make it even less painful, the cost of your diabetes testing supplies may be covered by medicare. vo: join over a million others who have chosen liberty medical. vo: call now and receive a free accu-chek aviva meter. vo: plus, for a limited time, get a free cookbook when you join. end tag vo: call the number on your screen. assistance getting around their homes. there is a medicare benefit that may qualify you for a new power chair or scooter at little to no cost to you. stay tuned for this important medicare benefit information and free scooter guarantee. imagine... one scooter or power chair that could improve your may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. why should you call the scooter store today? because their mobility experts are also medicare experts. and that means the scooter store is your best shot at
, that is not the way to do it. what we should do is what medicare did in 1965. it was a christmas tree in the beginning. that is how they got the legislation passed. after that, then they started putting restrictions. in fact, we must be doing a good job, because now everyone is -- scared that medicare pays so little because it is too stingy in its payment. we did put cost controls and later. medicare does have its financial problems. let me end by saying, i think the public option would have had the potential to control costs, because you could sell insurance, it would garner market share. that could allow for the consolidated purchasing power i talked about to reduce costs which would bring more buyers there. reading the newspapers, it does not look like we will have a public option. that would be the one way in which i could see a health care reform having potential for controlling costs. on a positive note, it is not about costs or dead. if we move towards universal coverage, we are going to be creating a system that will be more malleable to the changes we want to see with regard to cost containme
insurance plans pay under part d of medicare for prescription drugs. they are taking advantage of their purchasing power. and we're relying on private insurers committee are' competition in part d of medicare, it isn't as effective as the v.a. which does take advantage of its market power. let me just talk for a moment on a private insurance. we rely on private insurance here. it's for-profit insurance. i think it leads to much higher health care costs. private insurers, obviously by definition, they have to make a profit. in addition to that they engage in marketing, they also engage in what we call medical understood writing, they have to hire a lot of actuaries to make sure that they're not taking on people who are too expensive. these are all very costly things. so that raises the price of private insurance. in addition, as i said, they don't have as much bargaining power so they also can't keep their prices low by taking advantage of the consolidated power that i'm talking about. so you might ask, why do we allow private insurance to have quasi-monopoly and the answer is t
insurers competition for medicare, it is not as effective as the va which does take advantage of its buying power. for-profit insurance does lead to higher health-care costs. they have to make a profit. in addition, they engage in marketing. they also engage in medical underwriting they have to hire a lot of actuaries to make sure that they're not taking on people who are too expensive. these are all very costly things. it raises the price of private insurance. they do not have as much bargaining power so they can keep their prices low, like taking advantage of consolidated power. then why do we allow private insurers to have equality monopoly? there is no reason to think that savings would be transferred to the public. nonprofit insurance. -- what you really need is nonprofit insurance. let me just end with a few thoughts on how health care reform -- as you know, congress does very little to control health-care costs. that is probably a reasonable short-term strategy. the proposals do nothing to consolidate purchasing power. the caveat is the public auction. -- the public plan. they do wel
: if you're over 65, have diabetes and are on medicare... vo: ...call now and we'll send you a free meter. vo: it offers alternate site testing, so you can test on your arm. no more pricking your fingers. vo: and to make it even less painful, the cost of your diabetes testing supplies may be covered by medicare. vo: join over a million others who have chosen liberty medical. vo: call now and receive a free accu-chek aviva meter. vo: plus, for a limited time, get a free cookbook when you join. end tag vo: call the number on your screen. . >>> this is my first "insomniac theater." it's good to be here. >> that's why it made it easier to sit through the chick flick. you saw the wrong one. i saw the edgy movie people are talking about, "youth in revolt." let me set up the movie for you. it's basically adapted from a series of favorite cult books. the idea behind it is sair ray is a 16-year-old virgin who falls head over heels for a nonvirgin. she's encouraging him to be bad and do daring things. he decides he's going to create an altear ego named francois and it gets him into a lot of trouble
. in 2002 under the employee initiative the centers for medicare and medicaid services began publicly reporting quality information on nursing-home nationally on their web site. this was followed a year later by a similar effort in the home health arena. simultaneously there have been demonstration products by medicare in home house and skilled nursing facilities. state medicaid agencies have begun experimenting with a for performance in the nursing-home setting. the question is how these current market-based reforms address these broad goals of long-term care. in theory these reforms are perfectly compatible with these goals of improving quality of life and reducing fragmentation and increasing community-based services but there are several key attributes of these market-based reforms that may limit their effectiveness in this regard. the first limitation is current market-based reforms tend to rely on narrowly defined clinical quality measures. this tends to reinforce a medical model of care which pays more attention to clinical quality than issues related to quality of life and a c
but clearly with a body in medicare 55 and older you're going to pick up two or 3 million more. now you've got the program operated by opm. you will have a body in there of probably 7 million people. there's a provision most haven't focused on which is the state can set up a separate program for people, government-run, between 133% of poverty and 300% of poverty. i know a number of states will essentially do that and then finally, in all probability the exchanges are going to be run by states. so as the system comes forward you've got a bigger medicare and bigger medicaid that fixed rates, other components which are going to have negotiating rates. the bad news it's going to take four or five years to get this up and operating so i'm not sure there's going to be a lot of changes. but we have to start thinking how we bring this together. it may well be medicare and medicaid are dictating rates for the other groups that in fact negotiate. >> if we take that is the presumption we are going to see something, bill, i would like you to respond to what we are talking about here. but there's also the
why they would endorse a bill offering huge kits to medicare. these private plans offer seniors an alternative to medicare that often includes extra medical coverage like dental and vision care. >> i recognize the gentleman from georgia. >> reporter: georgia republican phil gingrey thinks he knows why. >> seniors are back into medicare fee for service, the more opportunity aarp has to get royalties from the sale of the medi gap policies. >> reporter: he says those seniors force the out of medicare advantage would have to buy supplemental insurance, like medi gap. for insurers like the aarp and its partner, united health care, that means a much higher profit margin. >> they have to purchase a medi gap policy, and oh, guess what? aarp has 30% of that. >> you should know about this card. >> reporter: it's a fact not lost on its member. >> aarp is about insurance. people need to know that. aarp is not out there to help you, it's to take your money and put it in their pocket. >> reporter: the aarp insists this is not true. so your lobbyists haven't lobbied to leave untouched. edigap?
you some money. that's why you should consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company. it can help cover some pd what medicare doesn't... so you could save up to thousands of dollars... in out-of-pocket expenses. call now for this free information kit... and medicare guide. if you're turning 65 or you're already on medicare, you should know about this card; it's the only one of its kind... that carries the aarp name -- see if it's right for you. you choose your doctor. choose your hospital. and no referrals needed. there are no networks help protect yourself from some of what medicare doesn't cover. save up to thousands of dollars... on potential out-of-pocket expenses... with an aarp medicare supplement insurance plan... insured by united healthcare insurance company. call now for your free information kit... and medicare guide and find out... how you could start saving. hey, ask our doctor about garlique, okay? garlique's clinically proven ingredient maintains healthy cholesterol naturally. eat right. exercise. garliq
social security and medicare and medicaid, probably the two main things basically bleeding us dry. but basically it is suicide to talk about those two. so we are going to have to go with, i guess, the spending cuts that he suggested. that is basically all i have to say. host: little rock, arkansas. paul on the republican line. caller: the morning, greta. i would like the president to talk about jobs and the economy. and during the campaign he promised to save millions of jobs. also promised to create millions of dollars. since he has been president he has created a huge deficit, sent $100 million to haiti, and there are many people right here in america who are unemployed, people who need jobs, and i feel that he should concentrate on taking care of the american people first. host: that is the headline in "the wall street journal" and "the new york times." it says -- host: new york city, luis, independent line. the trustee secretary will be testifying about what he knew about aig and that will be at 10:00 a.m. eastern time live on c-span3. also testifying as former treasury secret
on the republican line. caller: thank you for taking my call. the so-called reduction in medicare -- is this information or misinformation? are they really going to reduce the amount of money in medicare to pay for this plan? also, the public option. how come they do not want to fight for that? it seems to me that it would be a good way to go. if people are insuring -- purchasing insurance, they are responsible for reading the policy and numbing their coverage. it is just like taking out a loan. if you sign on the dotted line, you are responsible because it is a contract. i think republicans are just fear-mongering, trying to kill the bill simply because of the input of lobbyists. host: thank you for the call. guest: public comment on the medicare question. the pieces in the legislation that would reduce cost under medicare are comprised of a number of components that have been discussed by legislative advisory commissions in the past, such as the medicare advisory council, which advises congress on issues of payment in medicare. issues have also been raised by the congressional b
entitlement programs like social security and medicare would escape any budget cuts. molly henneberg is live for us at the white house, so i guess the question here, molly, what is included and what is excluded in the spending freeze? >> reporter: hi, jon, the president wants to hold spending at 2010 levels through 2013. but it would only apply to nondefense discretionary spending and that means spending for most governments, departments and agencies. about 17% of the total federal budget. so, what -- that is what would be included. what would be excluded includes the following: the cost of the wars in iraq an afghanistan. foreign aid. homeland security and veterans administration. social security. medicare. medicaid. and those last three there alone, social security, medicare, medicaid, make up 59% of all federal spending each year and they would not be touched by the spending freeze. >> how much money do you save if you freeze these discretionary items. >> reporter: the white house says, if you did it for 2011 it would save between 10 and $15 billion and the white house projects, hey if yo
around their homes. there is a medicare benefit that may qualify you for a new power chair or scooter at little or no cost to you. imagine... one scooter or power chair that could improve your mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. in fact, if we qualify you for medicare reimbursement and medicare denies your claim, we'll give you your new power chair or scooter free. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >> gregg: now back to the devastation in haiti. in times of trouble, many of us turn to god. we do so obviously in haiti as well, but as you probably know, voodoo is also big in haiti and in the mist of this, many are clinging to the voodoo faith. maim any? >> we found
mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. in fact, if we qualify you for medicare reimbursement and medicare denies your claim, we'll give you your new power chair or scooter free. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> six more weeks of winter, we wish. this cold isn't going to snap anytime soon is, it, chad. >> not really kyra, although we have an issue next week that could bring an ice storm to parts of the southeast, but also a warmup to other parts. it all depends on where the low pressure system is. if there's a low right here, you've got a cold front and this is the side where the cold air is over here. there's also another warm front that we begins to warm things up
billion from medicare. that would reduce the deficit by more than $130 billion. >> there are a number of things that make that highly implausible. >> such as covering the uninsured by sending medicaid, shifting costs to cash strapped states. or double counting savings in medicare, also spending the money elsewhere. >> you can't spend the same dollar twice. >> then there is something called the doctor fix in medicare, a move to undo what they did in medicare spending. under current law, doctors that treat the elder would face a 21% cut. so they simply removed it from the reform bill. >> biggest hole in the financing is the fact that they have left out. >> reducing the deficit to making it worse because the doc fix would cost some $210 billion. congress has to fix it anyway, so the house passed it but added to the deficit. >> how will that be financed or will it be financed? that is an open question. >> reporter: cuts to doctors and early attempt to cutting medicare spending never took place why critics are skeptical. as the new ri forms kick in, medicare goes into huge financial troubl
. it will cost us more? >> the center for medicare services says it will cost .6%, almost 1% more. so democrats are saying, hey, this is pretty good. only 1% increase. we're having tremendous increases every year. although this past year we had the lowest increase in a long time. a little over 4% based on the recession. however, that's not the real story. the real story in that report also says that doctors and hospitals will find it unprofitable, perhaps, to take medicare and may, in fact, move away from accepting medicare patients. >> that's the real take away in that report. >> then if -- if the pool of doctors who take medicare patients shrinks, does that lead to what some have referred to as rationing simply because there will be fewer to pick from? >> absolutely. in an alcoholic since, rationing and leads to increased prices for health consumers based on demand, and what it's going to lead to is we have now medicare increases of about 8% a year historically. the government is saying with this plan, we're going to cut medicare a half trillion dollars. can that really be done based upon the
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the country. so whether you work for yourself, you're employed, retired, or medicare-eligible, call now for free information. and get what you need to make health care decisions... that work for you. you don't even have to be an aarp member to call. all you have to do is be yourself. and, if you have any questions about medicare, call today and get your free copy of "medicare made clear," by unitedhealth educational publishing group. it will help you better understand all your choices. so don't wait. call today for your free guide. so, what do you think? preferred package. good choice. only meineke lets you choose your service, choose your savings. like an oil change for just $19.95. meineke. >>> we want to get back to our breaking news story. yeah, i suppose at this point it is a developing story that we're closely following and we're talking about the port in morehead city, north carolina, being evacuated now. nine containers of a highly explosive material, you're totally familiar with it at this point, petn, those containers accidentally punctured. the mayor is on the phone with us.
to go to a certain facility, this case first before medicare pays. it is fair. they are still providing a roof over your head and other things. quality is another issue. the second piece is if you use a home community-based option with medicaid and the package of options in the state include the tough stuff such as desisted technology, transportation, personal assistance. -- assisted technology, transportation, personal assistance. you still need $1,500 to do other things in your house. whatever your acute bonus injury is, this is on top of it. that is how we try to leave this. the last beasley tried to do is swear senator kennedy had been all wrong. this was never meant to put certain people out of business. we did a lot of exploration as to where this has been our of the last few years and where they are right now. they need a jump-start in order to work. this program is not the end all be all. it is to go together with the long-term care products that are out there. we had the five years in here for a reason. it was to make sure that the government that the participation they needed.
this historical legislation. it is right alongside such security and medicare. -- social security and medicare. >> in number of moderates have said [inaudible] what changes are critical? >> we want our final product to ensure affordability to the middle cows, accountability for the insurance companies, and by lowering costs for every stage. those of the standards that we have. >> [inaudible] >> i prefer to call and the public's options. we want to increase competition. there are ways to do that. we look forward to having those discussions as to reconcile the bill. unless the whole the insurance counties -- companies accountability, we will not have affordability for the middle class. we need to end discrimination on the basis of pre-existing conditions, to cap payments and co-payments. it is about affordability. that is essential to accessibility. we will have what we need to hold the insurance companies accountable. i contend that whatever we have coming out of this bill, we will hold them accountable. there will be crying out. -- they will be crying out. >> [inaudible] right now there has be
.m., and join cnn when the polls close. the entire time is on that story. medicare. it doesn't cover everything. >>> well, a bit of relief in quake-ravaged haiti. survivors jammed the fence of the presidential palace and cheer as scores of u.s. paratroopers land on the palace grounds. some haitians welcomed the troops, hoping they'll stem outbreaks of looting and violence. others say what's needed is not more troops but more food and water and medical supplies. relief supplies may be slow in coming, but they are on their way, and air force cargo planes dropped about 55,000 pounds of food and bottled water into haiti yesterday. a lot of you may be wondering just where the aid is going. four food distribution points have been set up by the u.n. world food program in port-au-prince. you can see those locations on the map. the u.n. says all four should be up and running in the coming days. >>> now, folks trying to help out in haiti have hit all kinds of roadblocks. some literal, some avoidable, some not. former ambassador to haiti, william jones, he's a former u.s. ambassador to haiti, williams jon
it doesn't cover can cost you some money. that's why you should consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company. it can help cover some of what medicare doesn't... so you could save up to thousands of dollars... in out-of-pocket expenses. call now for this free information kit... and medicare guide. if you're turning 65 or you're already on medicare, you should know about this card; it's the only one of its kind... that carries the aarp name -- see if it's right for you. you choose your doctor. you choose your hospital. there are no networks and no referrals needed. help protect yourself from some of what medicare doesn't cover. save up to thousands of dollars... on potential out-of-pocket expenses... with an aarp medicare supplement insurance plan... insured by united healthcare insurance company. call now for your free information kit... and medicare guide and find out... how you could start saving. >>> there's a look at futures after we got the citigroup numbers about 25 minutes ago. we have erased some of our losses, but it's
is being talked about, is extending the medicare payroll tax, not just extending the tax, but extending it to investment income. what that would allow you to do, you could lose the surtax that i mentioned. you could reduce the level or the impact of that cat cadillac tax on high cost insurance plans, which is very important to labor unions chor opposed to that tax even though the white house is for it. >> the house doesn't want to be a wall nflower. they only won by 1 in the house. don't think we're going to roll over for everything you tell us to do in the senate. i and i just wonder whether that starts getting louder. >> i've heard that argument from weinor and others. the house doesn't want to completely get rolled, but they're going to mostly get rolled. >> because they're the -- what is it in london? they're the commoners, i guess. >> they're in steerage on the titanic. >> they're not the senators -- >> john kerry, those types. >> we've modified. >> they're scrappers. >> it's sort ooh like on this show, joe is the house of representatives and becky and carl is the senate. >> becky
the center for medicare education, the better jobs better care of national program. she was a political appointee during the clinton administration, serving in the department of health and human services. she also was assistant secretary for aging in 1997. she is been a senior researcher for health services research and project hope center for health affairs previously. to begin, but welcome to the podium. let's welcome him to the podium. >> people tend to view long-term care through a particular lands, depending on what they are interested in. some people focus on specific federal programs. they might focus on quality issues or workforce issues. they also tend to focus on specific populations of elderly. as carol levine said in her article, the whole is often eclipsed by a separate part. this article is an attempt to paint a picture of that hole, although i realize there are plenty of my own biases in it. we include people receiving long-term care from public programs, from family members, from private paid workers, whether they live in the community or institutions, whether they are e
, bring down the deficit, cover the uninsured, strengthen medicare for seniors and stop insurance company abuses, let me know. >> the republican response was that the newly elected governor of virginia, bob mcdonald who said the government simply tried to do too much. he says americans want affordable health care but don't want uncle sam running it. he voiced concern about overall spending in washington. >> the amount of debt is on pace to double in five years and triple in 10. the federal debt is now over $100,000 per household. this is simply unsustainable. the president's partial phrase announced tonight on discretionary spending is a small one. the circumstances of our time demand that we reconsider and restore the proper limited role of government at every level. >> on social issues, the president said he would work with the military to end don't ask don't tell for gays this year. the republican senator john corning calls that "social engineering." back to you guys in new york. >> as you look at that shot right now -- >> of molly? >> as you look at the shot of the president of the
't make some changes. now, here's the good news. compared to medicare, social security is actually in reasonably good shape, and with some relatively small adjustments, you can have that solvent for a long time. so social security is going to be there. i know a lot of people are concerned about it. social security we can fix. now, in terms of the cola, the formula -- cola stands for cost of living allowance, so it's put in place to make sure that social security is keeping up with inflation. here's the problem. this past year, because of the severity of the recession, we didn't have inflation; we actually had deflation. so prices actually fell last year. as a consequence, technically, seniors were not eligible for a cost of living adjustment, to have it go up because prices did not go up in the aggregate. that doesn't mean that individual folks weren't being pinched by higher heating prices or what have you, but on average prices went down. here's what we did. working with these key members of congress here, we did vote to provide a $250 one-time payment to seniors, which, when you
it comes to pass. we're back in a moment. there is a medicare benefit that may qualify you for a new power chair or scooter at little or no cost to you. imagine... one scooter or power chair that could improve your mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. in fact, if we qualify you for medicare reimbursement and medicare denies your claim, we'll give you your new power chair or scooter free. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> the stakes are high in massachusetts. tomorrow, voters hit the polls and decide who will fill the see the of ted kennedy. it looks like democrats for the first time in decades could lose the seat. if that happens, they lose the ability to stave off
the paperwork, and medicare and my insurance covered the cost. we can work directly with medicare or with your insurance company. we can even help with financing. if there's a way, we'll find it! so don't wait any longer, call the scooter store today. creation coming out of capitol hill, already there are reports of two different camps forming, those who want to use wall street bailout cash to boost main street and those who want to leave that wall street money alone. steve forbes is the editor in chief of forbes magazine and author of "how capitalism will save us", hi steve. >> good to you with -- good to be with you, thank you. alisyn: what do you want the president to say about job creation? >> he won't say it but i'd love to have him say we're going to have a strong and stable dollar, put in the flat tax rate but in terms of if he wants to have government programs, how about removing barriers to building nuclear power plants, removing barriers to offshore drilling, and doing more on shore drilling with natural gas, those create high paying jobs and will also help our energy situation. alis
prescription drugs as well. see if you're on medicare, the cost of your diabetes testing supplies as well as your prescription drugs may be covered. liberty takes care of all the paperwork with medicare and sends the prescription forms directly to your doctor for approval. then, on your schedule, packs up this box and sends it right to your door with no charge for shipping. and liberty assures you have everything you need to manage your diabetes, including most brand name meters. call now and we'll send you a free meter. plus, a free cookbook when you join. call liberty. they can help you live a better life. call the number on your screen. >>> welcome back. a year ago today president obama promised the military prison in guantanamo bay would be shut down within a year. that has not happened and the administration blames legal and political object sstacles. white house press secretary robert gibbs admitted yesterday he was not sure when gitmo would be closed but he went on to say, quote, to keep the american people sach the president pledged to close guantanamo bay and he'll do that. >>> a
compromising. an additional medicare tax and a compromise where you recognize the cost savings potentials, recognize the priorities of the president but at the same time move towards the house by having more progressive revenue raising other taxes like the medicare tax or a small millionaire's tax. >> ifill: what about that, josh bivens? >> some sort of compromise could be useful here. >> ifill: like what? >> i mean, one, have the senate bill move a little bit toward the house. but if you want to do some kind of cost sharing i think you have to actually target excessive benefits. i don't think the excise tax does it. one can imagine a way of constructing a thax that goes after plans that are generous in terms of actual generosity of coverage. >> ifill: what is an excessive benefit. >> that's a big problem too. one person's excessive benefits is another person's insulation from risk. you have people, you know, i'm enough of an economist to believe that people trade-off wages for these health insurance benefits. they've voted with their feet. they clearly value these benefits. excessive is
this could force tax hikes or cuts in social security and medicare. the white house is going to do something. president obama is expected to set up a deficit panel. it's going to be more advisory. the deficit is slightly down from last year's record, 1 hadn't $4 trillion, according to congressional numbers. americans took their newfound free time and used it to help the people around them. that's good news in a bad economy. more than 63 million of you volunteered vazing money, building homes, collecting food, tutoring kids. the labor department says it's more than 1.5 people than the year before. people can't give cash, but they are giving their time. >> more volunteers. thank you. >>> police believe they found the remains of a college student who disappeared at a metallica keown sert. she was last seen at the arena in charlottesville. a farmer found the body on his property. her mother is speaking out about the likelihood her daughter may not come home alive. >>> so, back to our story, we told you police are sure they found the body of a missing virginia tech student. here is what morgan's
and nice. they filed all the paperwork, and medicare and my insurance covered the cost. we can work directly with medicare or with your insurance company. we can even help with financing. if there's a way, we'll find it! so don't wait any longer, call the scooter store today. >>> market milestone time. india's constitution turns 60 this year. the country became independent on august 15th, 1947, but it was not until january 26th, 1950, 60 years ago today, that india had a written constitution. over the past year, bombay sensex up 93%. a recent report by price water house says india has the potential to become the world's third largest economy by purchasing power by 2012, overtaking japan. >> well, there are reports president obama intends to propose a three-year freeze in discretionary spending. that accounts for one-sixths of the federal budget. our all-stars talking washington, wall street and your money. rick santelli, john harwood and, of course, erin and mark back at the nyse. mark, let's start with you. it's funny, everything except this, this, this, and this. >> exactly. we he
elderly people may face a tax on a certain medicare program that they now have and that this could actually end up hurting lower income seniors the most and he gives details, specific stories about senior citizens and the kind of pain that they might feel in their pocketbooks. >> right. to avoid taking money in the pocket, they have this thing called medicare advantage. in medicare advantage, my mom actually has it, it's a tremendous boom and people are protective of it. they're allowed to go to private insurance and have them cover themselves. right now, they're going to tax that. won't that work be countederproductive to medicare advantage? there's no advantage. >> apparently, it will impose a tax on medicare, medicaid, the children's health insurance program, chip, and tricare which is for families of military dependents because they -- and because these particular plans have no profits to absorb the tax or pass it on, they'll have only one option and that is bob dole writes, to reduce health care services and that is bad. >> and we should point out that bob dole does say that
talk to oncologist today and cardiologists and ob/gyn costs and see how medicare is already rationing health care for women in this country. it is against the law. and they're doing it. markets work and we can either embrace them and say they're not going to be perfect -- no market is perfect -- which means that some people will lose. but look at medicaid. we have 17 million people in this country who are eligible for medicaid and are not signed up. that is our answer. that is what will happen to have the people under this bill. who do we have next? back over here. let's go back there. >> keith jenkins. >> i know keith and jenkins. i grew up down the street from him. >> that is right. what is the status of the government employees? and if they kicked it out, what is the argument? >> i have the amendment added in the committee, barely, by one vote. they refused to allow that amendment on the senate floor. first of all, it is not a cute amendment. it is common sense. if the members of congress are in it, it will be ok for everybody else. ├▒rthere might to take care of themselves. they r
stand on health care? >> we have 98% of the people ensured we are going to cut medicare and cut for military people and have a trillion plus to pay for it and we are going to subsidize where other -- what other states have failed. i would stop it and i would ask for them to go back to the drawing board. everyone is entitled to some form of insurance. why do we need a one size fits all? >> sean: what is the latest? everything i'm reading about your race. you have challenged your 0 -- opponent martha cokely to a one-on-one debate. is she willing to debate you? >> i did a small debate today we have one monday she will meet with president ahmadinejad one-on-one but won't meet with me one-on-one. the people are fed up with the way things are going they can go to brown for the senate.com and stop the business as usual not only in massachusetts but more importantly nationally and give me a chance to bring common sense back to washington solve problems be an independent voice and vote for the things not only affecting our state but the country. >> sean: there's a huge controversy surrou
taxes, it will hurt medicare, it will destroy jobs and run our nation deeper into debt. >> we'll always remember our terrific senator ted kennedy and his words, the work begins anew, the hope rises again, and the dream lives on. >> we're breaking down this improbable win for the gop and its likely impact on health care reform. we've got the best political team on television this morning. suzanne malveaux, live at the white house with reaction from democrats who no longer enjoy a filibuster proof, but we start with jim acosta. it's such an irony, ted kennedy's dying wish was to see america's health care system overhauled and the seat goes to a republican who has completely different ideas. >> reporter: that's right, john. and democrats may hope that what happened in massachusetts stays in massachusetts, but that is not going to be the case if a remember in scott brown can campaign across this state saying he will vote against health care reform in what is a very liberal state, obviously the signs for the democrats, not good, coming up in these midterm elections as this campaign goes on,
: the governor says it's no bail-out, but money the state is owed for the medicare, border protection, prisons and other federal programs. california taxpayers send more money to the federal government than any other state. and get back just 78 cents on the dollar. 20% less than it got back on the clinton administration. >> we're giving to washington and they're sending out to other states. >> reporter: 42 states project a deficit in the coming fiscal year. like california, new york, new jersey, florida, and illinois all expect to be billions in the red, making congress wary of setting a precedent. but economists say letting california drown in red ink could hit the national economy hard, because the golden state is home to 12% of the u.s. population. and produces 13% of the nation gross domestic product. >> it's probably an analogy one can make we are too big to fail. it doesn't mean we have difficulties that we need to address ourself but failure for california would be a failure for the country. >> reporter: the budget that governor schwarzenegger unveiled friday slashed programs across the
.65% of wages that go to social security and medicare. that would be capped at $105,000. having that break might encourage some small business owners to actually hire. that's what we want to see in this economy. obviously tax incentives for investing in new equipment and plants. this is something that a lot of administrations have done, pretty typical stuff. eliminating capital gains on small business investments. this is interesting because when you invest in a small business, you expect your returns to be taxed. this would allow you to sell that investment and not pay taxes. it's another incentive to get people investing in their communities, investing in businesses. and then of course we talked about the tax breaks for job creations. so a long list of things for people who want to start a new business. this is probably going to be -- if these go through this would be one of the best years ever to start a small business because you'll get help with hiring, help with buying equipment. you'll be able to write that off faster if these things actually move through congress. keep in mind this has a
? >> we have 98% of the people ensured we are going to cut medicare and cut for military people and have a trillion plus to pay for it and we are going to subsidize where other -- what other states have failed. i would stop it and i would ask for them to go back to the drawing board. everyone is entitled to some form of insurance. why do we need a one size fits all? >> sean: what is the latest? everything i'm reading about your race. you have challenged your 0 -- opponent martha cokely to a one-on-one debate. is she willing to debate you? >> i did a small debate today we have one monday she will meet with president ahmadinejad one-on-one but won't meet with me one-on-one. the people are fed up with the way things are going they can go to brown for the senate.com and stop the business as usual not only in massachusetts but more importantly nationally and give me a chance to bring common sense back to washington solve problems be an independent voice and vote for the things not only affecting our state but the country. >> sean: there's a huge controversy surrounding her and i wanted to kno
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